Commercial for Sale: 838-842 Saratoga, Boston, MA 02128 SOLD

$2,150,000
$2,150,000
838-842 Saratoga, Boston, MA 02128 SOLD
$2,150,000
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Selling Price: $2,150,000
Original List Price: $2,400,000
Sold at 89.6% of list price
Sold Date: 10/10/2024

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Type Commercial
Year Built 1956
City Boston
County Suffolk
MLS 73280903
Status Closed
DOM 49 days
Prime investment opportunity in East Boston! This portfolio includes two three-unit buildings, sold together or separate, each with separate utilities, ensuring ease of management. The property features ample parking with space for 8 cars, a rare find in the area, and is not located in a flood zone, providing peace of mind. All tenants are tenants at will, offering unparalleled flexibility for rent adjustments and renovations. Significant upside potential exists by aligning current below-market rents with fair market rates. Located in a rezoned area under Plan East Boston, the properties allow for increased density and future construction projects, presenting a valuable opportunity for future development. These buildings are conveniently situated just a short walk from both the Wood Island and Orient Heights Blue Line stations, offering quick access to downtown Boston. With strategic improvements, investors can force equity and significantly enhance property value.

Lot & Building Features

Tax Year 2024
Roof Rubber

Price History of 838-842 Saratoga

Date Name Price Difference
08/22/2024 Listing Price $2,150,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Theresa Clark
Direct: 603-969-7841
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Reference Real Estate, The Reference Group
Sold by Reference Real Estate, The Reference Group
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Listing information courtesy of: Reference Real Estate

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